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Subject Pacific Group Becomes Latest Hedge Fund Converting Assets to Physical Gold "Great Article a Must Read" !
Poster Handle Anonymous Coward
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Respected hedge fund managers and investors such as George Soros, John Paulson, Bill Gross, David Einhorn and Kyle Bass have diversified into gold - the latter two opting for the safety of allocated physical gold bars.

The Hong Kong-based asset manager plans to take delivery of $35 million worth of gold bars that can be traded on the London Bullion Market Association and other international markets, William Kaye, its founder and chief investment officer, said in a telephone interview on January 18.

It has secured vault space at Hong Kong International Airport to store the gold, he said.

Investors disillusioned with government money printing to service “insurmountable” public debt may seek alternatives to fiat currencies, Kaye said.

Fiat currencies have no tangible backing, such as gold or silver, except governments’ good faith and can become worthless due to hyperinflation or loss of public faith.

[link to goldsilver.com]
 
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